Mall owner Hyprop continues to reduce its exposure to embattled retailer Edcon, whilst it’s drastically reduced its dividend for its interim period to 308.7 cents per share. Hyprop CEO, Morné Wilken joins CNBC Africa for more.
Edgar Mafoko, Portfolio Manager at FNB Wealth and Investments explains his reasons for selecting Hyprop, South Africa's largest listed specialised shopping centre Real Estate Investment Trust, as his Hot Stock.
Despite heated property markets fuelled by liquidity and owners and developers eager to dispose of over-rented properties at prices that are high by historical standards Mas believes its distribution growth target of 15 per cent for the 2019 financial year is appropriate. This exceeds both Growthpoint and Hyprop’s forecast. Joining CNBC Africa to discuss the investment case for a property group whose focus is on acquiring retail, office, industrial, logistics and hotel assets in western, central and eastern Europe is MAS CEO, Morné Wilken.